Overview

How did the UK economy transition from being the world's workshop to the dependent, service-driven economy of today, facing severe negative shocks and daunting economic challenges? In a reality check that won't be pleasant reading for anyone hoping for a quick reset, hugely experienced economists Vicky Pryce and Andy Ross track the UK's decline from the financial crisis to Trump's tariffs, tackling the issues thrown up by complex topics such as the aftermath of Brexit and Covid, environmental imperatives and deindustrialisation, growth and welfare, an ageing population, inequality, immigration, falling productivity and a lack of investment. Advocating pragmatic solutions over ideological positions, their insights and recommendations recognise the careful balancing act of longer-term economic prosperity against the inevitable shorter-term risks and argue that, above all, politicians must be honest with the public. The book offers a balanced, non-partisan view, backed by economic theory and evidence, on what needs to be done.

Full Product Details

9781837360314

Table of Contents

Reviews

“Foxed by the dilemmas facing our economy? Here is a history and a present-day analysis making sense of it all, written with glowing clarity and deep understanding by two wise economists. Learn what went wrong and read their lucid explanation of what can put it right.” Polly Toynbee, journalist and author “No one should comment on British economic policy without having read this book.” Professor Sir John Kay, economist, fellow of St John’s College, Oxford, and author of The Corporation in the Twenty-First Century “This book is an absolute must for anyone who is concerned about the UK’s industrial decline and wants to do something about it.” Professor Tony Travers, London School of Economics “Political debates on the British economy tend to become unedifying ‘Punch and Judy’ arguments which disregard the long-term structural factors affecting economic growth and the external shocks over which governments have little control. This book is a critical but fair account of past government performance and future options which also takes proper account of what is both possible and realistic.” Sir Vince Cable, leader of the Liberal Democrats 2017–2019

""Foxed by the dilemmas facing our economy? Here is a history and a present-day analysis making sense of it all, written with glowing clarity and deep understanding by two wise economists. Learn what went wrong and read their lucid explanation of what can put it right."" Polly Toynbee, journalist and author ""No one should comment on British economic policy without having read this book."" Professor Sir John Kay, economist, fellow of St John's College, Oxford, and author of The Corporation in the Twenty-First Century ""Political debates on the British economy tend to become unedifying 'Punch and Judy' arguments which disregard the long-term structural factors affecting economic growth and the external shocks over which governments have little control. This book is a critical but fair account of past government performance and future options, which also takes proper account of what is both possible and realistic."" Sir Vince Cable, Leader of the Liberal Democrats 2017-19 ""This book is an absolute must for anyone who is concerned about the UK's industrial decline and wants to do something about it."" Professor Tony Travers, London School of Economics

""Foxed by the dilemmas facing our economy? Here is a history and a present-day analysis making sense of it all, written with glowing clarity and deep understanding by two wise economists. Learn what went wrong and read their lucid explanation of what can put it right."" Polly Toynbee, journalist and author ""No one should comment on British economic policy without having read this book."" Professor Sir John Kay, economist, fellow of St John's College, Oxford, and author of The Corporation in the Twenty-First Century ""This book is an absolute must for anyone who is concerned about the UK's industrial decline and wants to do something about it."" Professor Tony Travers, London School of Economics ""Political debates on the British economy tend to become unedifying 'Punch and Judy' arguments which disregard the long-term structural factors affecting economic growth and the external shocks over which governments have little control. This book is a critical but fair account of past government performance and future options which also takes proper account of what is both possible and realistic."" Sir Vince Cable, leader of the Liberal Democrats 2017-2019

 “Foxed by the dilemmas facing our economy? Here is a history and a present-day analysis making sense of it all, written with glowing clarity and deep understanding by two wise economists. Learn what went wrong and read their lucid explanation of what can put it right.” Polly Toynbee, journalist and author “No one should comment on British economic policy without having read this book.”  Professor Sir John Kay, economist, fellow of St John’s College, Oxford, and author of The Corporation in the Twenty-First Century “Political debates on the British economy tend to become unedifying ‘Punch and Judy’ arguments which disregard the long-term structural factors affecting economic growth and the external shocks over which governments have little control. This book is a critical but fair account of past government performance and future options, which also takes proper account of what is both possible and realistic.” Sir Vince Cable, Leader of the Liberal Democrats 2017–19 “This book is an absolute must for anyone who is concerned about the UK’s industrial decline and wants to do something about it.” Professor Tony Travers, London School of Economics

Author Information

Vicky Pryce is an international economist and commentator. She is currently chief economic adviser at the Centre for Economic and Business Research (CEBR) and a visiting professor at King's College, University of London. Her books include How to be a Successful Economist, Women Vs Capitalism, It's the Economy, Stupid: Economics for Voters and Greekonomics: The Euro Crisis and Why Politicians Don't Get It. Andy Ross is a former deputy director in the Government Economic Service (GES) and was the head of professional development for the GES and later for the Society of Professional Economists. He was joint author with Vicky Pryce and Peter Urwin of It's the Economy, Stupid and co-wrote How to Be a Successful Economist with Vicky Pryce, Alvin Birdi and Ian Harwood.

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